The decision of the Fed to start cutting interest rates bears a strong resemblance to the decision to marry. It can be reversed but only with a great deal of awkwardness, some economic difficulty, and often a reputational cost.
The Bond Market Is Like a Dog Walking on Two Legs We have it on the authority of James Boswell that in the summer of 1763 Samuel Johnson said that “a woman’s preaching is like a dog’s walking on his
Federal Reserve Chair Jerome Powell admitted that he was wrong to expect inflation would be transitory when it started to rise three years ago. Powell said that “in the fourth quarter of ’21, it became clear that inflation was not
Jerome Powell’s No Cut Thunderbolt Groucho Marx famously said he would not join any club that would have him. What happens, however, when the club joins you? We have been arguing since early December that economic growth was too strong
The Fed Fights Back The Federal Reserve delivered a shock on Wednesday by announcing that it does not anticipate cutting rates until it gets more confident that inflation is moving toward two percent. “The Committee does not expect it will
Will the Fed defend the position it staked out in December or capitulate to the view of bond traders?
An election year rate cut followed by a rise in inflation and then a new hiking cycle would cement the view that the Federal Reserve acted on political motives.
The Breitbart Business Digest had the opportunity to sit down for an exclusive interview with a tanned, rested, and jovial Donald Trump at Mar-a-Lago last week for more than two hours. The conversation repeatedly returned on the state of the U.S. economy and his predictions for this election year.
The Federal Reserve Chairman’s silence is an implicit endorsement of the market’s view that we’re headed for five or six rate cuts next year.
New York Federal Reserve President John Williams said Friday that rate cuts are not a topic of discussion for the central bank.
The markets are delighted that they heard Powell say, as he drove out of sight, “Rates cuts for all—and to all a good night.”
We doubted Fed Chairman Jerome Powell was going to play the Grinch at his press conference today, but we did not expect him to play interest rate Santa Claus.
The Federal Reserve left interest rates at 5.25 to 5.5 percent.
Jerome Powell probably did not mean to trigger a significant easing of financial conditions on Friday, but that’s exactly what he did.
The market immediately priced in much larger odds of a cut in March and May.
Federal Reserve Chair Jerome Powell demonstrated zero patience for a group of climate change protesters disrupting his speech on Thursday.
The Federal Reserve is falling behind the curve again.
The Federal Reserve is planning on staying “patient” at this week’s meeting of the Federal Open Market Committee.
Joe Biden position’s on inflation is directly at odds with Fed Chairman Jerome Powell, which could lead to fierce conflict between the two men next year if persistent inflation forces Powell to hike interest rates higher.
The Federal Reserve is not buying the optimism about the economy that the White House has been marketing under the brand Bidenomics.
Federal Reserve Chair Jerome Powell’s remarks today gave plenty of reason to believe that the Fed will not hike rates at its November 1 meeting.
Powell sent a message that the Fed’s next “move” will be a long pause in interest rate changes.
The Federal Reserve appears to expect the softest of landings next year.
You have to wonder if Jerome Powell is a bit frustrated that the unbridled enthusiasm of the stock market this week.
There’s a clash coming between the Federal Reserve and the Biden administration.
The Fed chairman warned that rate hikes may not be over and rejected the idea of raising the central bank’s inflation target.
During a portion of an interview aired on Thursday’s broadcast of the Fox Business Network’s “Kudlow,” 2024 Republican presidential candidate former President Donald Trump said that if he is elected president, he would not renominate Federal Reserve Chair Jay Powell
During an interview with CNBC on Monday aired on Monday’s broadcast of “Last Call,” 2024 Republican presidential candidate Florida Gov. Ron DeSantis said that if he is elected president, he would not renominate Federal Reserve Chair Jay Powell to another
The annual monetary policy conference in Jackson Hole, Wyoming, has the potential to produce some explosive results.
Sen. Rick Scott (R-FL) touted his legislation to create more accountability at the nation’s central bank in an interview with Breitbart News, declaring that the Fed is supposed to be a boon to the American people, not the big banks.
Markets and analysts are no longer forecasting a series of rate cuts this year, but they do not buy the notion that the Fed will keep hiking.
The Federal Reserve on Wednesday announced its decision not to raise the range for its benchmark federal funds rate target, choosing to leave rates alone for the first time in 15 months.
Federal Reserve policymakers left the central bank’s benchmark interest rate unchanged despite inflation that has run above its target for over two years.
Federal Reserve Chairman Jerome Powell will get his pause.
So much for the idea that the labor market was softening enough for the Fed to hold off on rate hikes.
The deal to suspend the limit on federal government debt until 2025 removes one of the obstacles to another Federal Reserve rate increase.
Federal Reserve Chairman Jerome Powell still appears to support a pause at the next meeting—and expects the Fed will hold rates near current levels rather than cut later this year.
The Federal Reserve fired a shot across the bow of market complacency on interest rates.
The April inflation report will keep the Federal Reserve on track to pause rate hikes at its meeting next month.
Every unpopular Federal Reserve chairman is unpopular in his own way.
